You know I have been having this funny feeling... I think its flash backs of late 1999 early 2000. yikes... bad memories!! lol

>>So now that you are in where would you place the stop? Or do you use them?

Ahhh Stops... Ok... They are new to me.. A little history. I started trading in late 1999. Ohh it was so much fun. I could pick the stocks and I didn't even know anything about picking stocks but they always went UP!.... then came 2000. OUCH.. My picks started to loose money. My thinking at that time was ohh so I lost $400 on that stock. It will come back up, I mean I haven't really lost the money untill I sell the stock. I can't sell now or I will have lost all that money!! lol. As you can probably figure out I hung in there, I mean I was gonna weather the storm! ohhh how dumb I feel looking back now. But It tought me a lesson. Cut your loss! (I always have to learn the hard way) Now fastforward to present day. I have been using mental stops. I have not really found a specific percent rule that works for me. It depends on how much money I actually have in the stock and how risky I feel the stock is. On this one I will expect it to be up and down next week I will watch the MACD and see where that is heading overhaul. If it goes back down to say the 24 dollar range, I will be getting ready to sell. and if it dips below 24 I'm out of it. (24 seams like major support for TER) I also look at the past history of the chart and compare what it is doing now to what it has done in the past. I am just now figureing out how Ameritrades Trailing stops work and I would like to play with them some. This time of year I can pretty much watch the stocks all day. But as Spring time comes I will not be able to and would like to use Trailing Stops. If I feel they will work for me.

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.

When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.

Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.